. "The Millionaire lazy" and "The art of always being on vacation." all,
I will mention to the interesting ideas contained in a joint publication of two books stimulants: "The Millionaire lazy" and "The art of always being on vacation." The author is the Canadian and was Marc Fisher edited by editorial Amat. has 223 pages and the purchase price of 19.50 euros.
The author begins with a very basic means any person who comes to managing your money, you should aim to ensure a high level freedom and economic independence . What we all do with our money is ACQUIRE ASSETS generate passive income, ie income-generating assets without our active work. When we reach a level sufficient passive income to cover our expenditure level, then and only then, we achieved the desired freedom and economic independence.
mentions the concept of DIFFERENTIAL , and it gives several examples. In one of them refers to the case of a person who has a small apartment with monthly fixed costs 200 euros. That means that every month the apartment owner "loses" money. However, if you rent an apartment and a tenant who enters assumes these costs, in addition to paying the monthly rent of 500 euros, really, the difference in a situation to another are not those 500 euros, but the 700 resulting from not taking the monthly fixed costs and also receive monthly income for rent. This is the correct way of assessing what is perceived or what is lost in each investment made.
To achieve freedom and financial independence is important MAKE REFERENCE TO OTHER PEOPLE WHO HAVE ALREADY ACHIEVED ABOVE. Observing how others have achieved what we wanted to do, we can see what steps can be taken. In short, we take advantage of the experience of others in financial matters and follow their example.
ECONOMIC OBJECTIVE The we considered - the amount of money to be able to generate income liabilities gives us the freedom and economic independence that we seek - BESIDES BEING REALISTIC AND REFLECTED IN WRITING must have a specific figure AND CONCRETE WITHIN their achievement. It makes no sense that we set ourselves the objective to get excessive amounts of money in short periods of time, but it would make sense, objective look "reasonable" terms "reasonable" time. Setting a specific time frame and reasonable, we are forced to do all those actions necessary to achieve our goal. Thus, even if unsuccessful, it is quite likely that we approach it.
We have concerns, desire to learn continuously, we have that spirit of personal need to grow every day , that the Orientals called KAIZEN . We go slowly, piecemeal, without abandoning everything from night to morning to start our new business. We can start at times, doing for ourselves what we do for the company in which we work.
We must apply the law of least effort , which is not doing nothing but do everything we can but focus on those most profitable. If we have a business and it is that 80 100 of our business is generated by the 20 100 of our customers, all our efforts should focus on the 20 by 100. To do otherwise, would focus on customers who generate low returns and, perhaps, too much work. The effort is made should be addressed to maximize the profitability to be achieved.
the author speaks of the LAW OF PARKINSON , understood as that under which "all work expands to fill the time available to run" . If we deliver a project in 10 days, more often these days is that deplete 10, where if we plantificásemos well, perhaps this project could have the same quality in 7 days, spending the other 3 to other types of activities, in turn, could give us an additional cost. If we input to exhaust the 10 days, the exhausted, if not necessarily have to be.
The author attaches great importance to PURCHASE PRICE, both of goods and services we consume, as assets in which we invest. The purchase price must be the lowest: " vaya de compras para conseguir descuentos a largo plazo, no para endeudarse y empobrecerse " , es una de las frases mencionadas en el libro.
Hay que PERSEGUIR LOS PEQUEÑOS GASTOS INVISIBLES y no caer en el error en que cae todo el mundo de gastar más a medida que gana más. El juego del dinero tiene dos opciones: la defensa y el ataque. Se defiende cuando se ahorra, cuando se vive por debajo de nuestras posibilidades y, se ataca, cuando ese ahorro se invierte. Cada dólar ahorrado e invertido es una unidad de libertad e independencia económica y, ese y no otro, debe ser nuestro objetivo to achieve. We
pay us ourselves first, he says, to emphasize the need to save as an obligation, and not by choice , and invest those savings, to achieve profitability. 15% of monthly salary, it seems a reasonable figure to save and invest.
REDUCE YOUR TAX BILL: "tax money is money saved is easy to achieve." Make every effort to pay the less taxes the better. Of course, within the law.
If employer, surrounding yourself with people
MORE COMPETENT YOU and delegate . Your business will grow.
THINK ABOUT REGULARLY GET MORE PROFIT TO YOUR BUSINESS . Referred to a quote from Rockelfeller, the great American tycoon, when one day he addressed his employees in the following terms: "
Instead of working, unfasten your tie, put his feet on the table and ask yourself how could to earn more money to the company. " For the author, it is necessary to rethink how to improve your business regularly.
FOR LIVING WELL, THINK WELL YOU SHOULD .
NOT MAKE YOUR PURCHASING POWER IS BECOMING MORE POWER TO FURTHER indebted and impoverished. No further into debt or spend more because they earn much more money. Save it, invest it, do not give the immediate gratification of spending and consumerism. Before you buy anything parese to think
"Do I really need?, Do I really need now?, Do I have the means?". Save and invest accumulating economic freedom and independence for the future.
Work smart AND PAY AND GET IT, this is the final message of the author.
A highly readable book that encourages you to make a better management of our money and I recommend that you read. Worthwhile.
Regards, José Antonio
joseamoraleslopez@hotmail.com joseamoraleslopez@gmail.com
